FOMO HOUR: Trump Tariff Turmoil & Market Reaction + Wayfinder Convo

Recorded: April 3, 2025 Duration: 1:10:31
Space Recording

Short Summary

In a recent episode of FOMO Hour, the hosts discussed the impact of Trump's tariffs on global markets, the launch of new partnerships in the Web3 space, and the potential for yield opportunities through innovative platforms like MetaMask and Wallet Connect. The conversation highlighted emerging trends and growth prospects in the crypto ecosystem, setting the stage for an engaging exploration of the future of digital assets.

Full Transcription

Thank you. GM, everyone.
Thank you for joining us here this morning.
We're going to start the show here in just a minute or two.
We're going to get our speakers up on stage while we wait.
A couple shout-outs.
Oxy, 6942.
GM, GM Mobius. Having Harry Krishna, as always. A couple shout outs. Oxi, 6942. GM, GM Mobius.
Having Harry Krishna, as always.
He's always here. GM, thank you for joining us.
T and Scrappy T.
T and Scrappy T right next to each other. How about that?
Fictional GM Lady Ape.
What else we got? I know. S.T. McFly.
Man, why Jesus?
Always get a kick out of that one.
It's Brian GM
I think we've got our speakers up on stage here
I see Bongo
I know he's chomping at the bit
Sims whenever you're ready
let's kick it Thank you. Good morning.
Good morning, everyone.
Welcome to another episode of FOMO Hour.
Today, today is Thursday, April 3rd, 2025.
And it is a sunny morning here in Chicago.
It's actually looking absolutely beautiful outside.
As long as you haven't looked at any charts,
which are in fact the opposite of beautiful
as Trump's tariff tsunami has wreaked havoc across global markets. Stocks are down,
crypto's down, the dollar's down. Now the question is just how bad is it and what happens next?
We're going to break that down and all the news on today's show. No Farouk today,
but we've got Mando, we've got Logan.
Mando, how you doing?
GM, what a day.
What a day.
What a day.
Yeah, let's get into it in a bit.
But yeah, I'm doing good, as always.
Lots to unpack.
Curious for your reaction across the pond. And then Logan, live from Latin America,
he's bringing some new perspective there for us as well.
Logan, GM, how you doing?
Hey, good morning, Tyler.
Beautiful day here again this morning in Peru,
on the west coast of Peru.
I actually saw a noun sticker on my walk here this morning.
Which was very surprising to me.
But, yeah, things are going well here, aside from the markets, of course.
Where are you in Peru?
You're near Lima, or are you?
I'm in Trujillo, which is the third largest city.
It's like an hour north flight from northwest from Lima.
Is that where they do the sand surfing stuff?
I don't know.
There's surfing around here,
but I don't know about sand surfing.
I don't know.
It's wild to me.
It grew many years ago.
Many, many years ago.
I have not been.
A different life.
I was 18 years old.
I've been to Brazil. I have. Yeah. I've been to Brazil.
I have not been to Uruguay, but I have not been to the West Coast.
So, Logie, you'll have to give us the full recap once you're deeper into the journey.
I am surprised, to say the least, that nouns culture has permeated into the third biggest city in Peru.
It was very surprising to see.
I believe a noun-ish sticker is something about an art school.
I was walking quickly to try to get here on time.
I'll have to take a closer look, get a better picture on my way home.
Yeah, you will, for sure.
When I did that trip, I flew into Colombia.
I went down.
It was me and four other guys.
This was back in the day Of like you would go to like
We went to I think it was with STA travel
And they like organized your trip
And they were like you're going to fly into
Barranquilla
Which is like
They were like it's where Shakira's from
You know it's going to be amazing
We turn up
And Barranqueler is like an industrial
city in the north and as soon as we turned up at the hotel they were like you cannot leave
like you will just get robbed if you if you walk around here um that was a good start and no one
spoke any english at all and we were like oh this to be... We were there for four or five months.
Wow. That's quite the trip.
We'll have to
unpack that at some point.
Folks, we are going to talk more
than our South American trips
on this morning's show. What are we going to talk about?
This Trump tariff turmoil. What
the fuck happened? Impact on markets.
Initial reactions. Bear case. Bull case.
All of that. We've got recession odds nearing 50% across markets right now.
We're going to talk about meme coin outlook.
We're going to talk about MetaMask, shipping a major update, this edge token that you might
be qualified for.
And then the back half of the show, folks, we're going to have the parallel way to find
a team on to talk prompts, the future of AI agents, and a lot more.
So excited for that combo. Before we dive in, shout out to our partners, starting with Galaxis.
Galaxis is a web three platform empowering creators and brands to build unstoppable communities
with full ownership and independence, trusted by icons like Donald Trump, Steve Aoki, Mike Tyson,
and the NBA shaping together the future of engagement. And Wallet Connect is the connectivity network shaping the future of on-chain UX.
If you've connected to a Web3 app, you've seen Wallet Connect, that blue logo.
It's everywhere.
And I kind of trust in crypto as recognizable as Visa at the checkout.
So if you want to learn more, follow at Wallet Connect on X and Telegram to stay ahead of what's next.
We love our partners.
As always, shout out to them.
Mando, if you're ready, let's just get into it.
Who is the man, macro daddy of the land?
Can you dig it?
you dig it?
Yeah, that was not a great day.
Yeah, that was not a great day.
I thought Liberation Day would be a lot less than that.
Turns out he dialed it up to 11 on the tariffs
and in some ways simplified it
and just went after the people
with the biggest trade surpluses with the US.
But in other ways,
that is just going to lead to wild inflation, in my opinion, if this continues.
So I thought this was not how this was going to go.
Let's put it that way.
I thought he would target basically enemies or quasi enemies of the US.
Seemingly, he's just stuck a tariff on everything
and some very, very high tariffs
for a number of different countries.
This is going to affect a whole range of goods
and US-based companies that create their goods overseas.
And, yeah, like, it's just, it's not, that's not looking too good.
Like a 90% tariff on Vietnam is kind of wild.
Also, just put tariffs on even if there's a trade surplus.
Australia and the United Kingdom both have a trade surplus with the US.
Both got a 10% tariff.
I said there could be a world, you know, where with negotiations,
everyone's tariffs could come down.
This as a starting point is going to be very, very tough for that to happen.
I think that I saw some maths this morning that the average global tariff now goes to the highest level in history.
Very, very high levels of tariffs across the board.
So there's two ways you could have done this math.
You could have been, this is reciprocal tariffs, right?
The EU does have a 20% global tariff on goods coming
in. So he could have said, look, we're going to do a 20%
tariff on that.
And he could have gone after India, which has
very high tariffs and been like, look, you have these
tariffs on your goods, we're going to have on that.
That's not what
happened here.
What he actually did, or
the Trump administration actually did, was
they went after who are the countries with the biggest trade surplus against the US.
So Vietnam, for example, which is getting a 90% tariff, doesn't have anywhere near as high tariffs as that.
Absolutely nowhere near.
Yet it's getting a 90% tariff because it has such a big trade surplus
against the US
and that's because a lot of goods are often
made in Vietnam, a lot of cheap labour
but Vietnam
is a place
I've been to it as well
pretty friendly with the US
since the war
it's very pro-US when you go out there.
It's kind of like quite a lot of
international companies are based out there.
It's just like, I mean,
I know a lot of clothes are made out there
or this sort of stuff.
So they've never really had like
unbelievable tariffs against the US
and yet this is going to happen.
So, and yet countries is going to happen. So, uh,
and yet countries which do have high actual tariffs are less of, are seemingly less affected.
So you have these really weird scenarios where like small countries with a
trade surplus because the U S are getting taxed at like unbelievably high
So it's, um, it's, i don't think if you're doing economics 101 this is necessarily
how you would negotiate let's say because like i don't know what vietnam can do
right it's not like they can come back to trump and say hey we're going to drop our tariffs
because this that's not what this calculation is. This calculation is just who's got a trade deficit.
And that's something that isn't solved via negotiation with a lot of these, if I'm honest.
Sorry, yeah, 46% versus Vietnam. But that's the calculation that they've used to to do it because they've said 50 of that
basically it's going to become a tariff so yeah like i the math behind this for me isn't math
like isn't what you would have done in a negotiation like this you would have gone right
eu has got 20 tariff we're going to go after the eu and do those japan has got very high tariffs
we're going to go after that that ind India's going to have very high tariffs.
And then you would have
negotiated with those countries to bring those
tariffs down. This is like
a scenario where I don't
really know what some of these countries
can necessarily do in
terms of negotiating
it down, which just means like, and also
this wasn't what was really flagged
to people when people
said receptacle tariffs i think they were thinking you know like all right well it's gonna affect
these countries and we can deal with that this is actually more affecting some of the global
supply chains which which affects uh many u.s companies you know the reason why a lot of these have US trade deficits, trade services, whatever,
is because they generally import unfinished goods into the US
and then US either assembles them
or some sort of final process is done in the US.
So it really affects that.
So it's a real breakdown of just like global trade.
This is an attack on global trade rather than on attack on countries which high tariffs.
So you're going to, the only way I see this now happening, you're going to get massive inflation in the US.
And the one ray of sunshine here is that ideally this causes countries to then immediately come to the negotiating table.
Like this is the highest it will be.
So maybe like it's baked in.
But it's also a case of like how long this stays in place is also like the worry.
And, yeah, it's really going to upend a lot of
global supply chains. So I
think this is
I didn't think this was well done,
if I'm honest. If I was in
the US, I wouldn't think this was the
way done. This isn't like a tit-to-tat
thing, which is
kind of what I think the US were getting on board with
and I kind of understand.
EU's taxing us this,
we're taxing that.
This isn't that they've actually,
they've actually gone after trades,
the trade deficit with all the countries.
and that as a logic is an attack on free trade,
global trade.
And I don't think that's like the strongest of all logics when it comes to like
economic growth because i think trade is actually one of the like underpins a lot of global growth
so yeah i uh i think this is maybe not the best way to have gone about that and i think stock
market's telling you that everything's selling off um very very badly today i personally think this
is the sort of thing that can easily cause a recession like the way it's been done very very badly today i personally think this is the sort of thing that can easily cause a recession like the way it's been done very very easy could cause a recession if this continues
and it's not one that's very easily dealt with now with monetary policy because this is going
to cause inflation you know like if your clothes are made in vietnam like nike your nikes are made
in vietnam and then they're packed like i forget forget where the actual office is for Nike, but like, or various clothing companies, like you've just got a 45% tax right
now on those. Um, that is going to drive up prices. That's going to drive a price. And that's
not something that just like changes like that. It's really not that this is going to take months so and that affects their
ability to um to fight it with monetary stimulus which has always been the base case of right
rates are so high they can pump money they can fix some of this stuff it's this is a difficult one
now like this is um this is actually far more complicated to fix if this is the position that
was taken and i think honestly it was taken in a very simplified way do you know what i mean like all right we've got this one
formula and that's how we're going to look at them all that's the lens we're going to look at them
all and i think part of that was just because it was becoming difficult to work out like because
some countries produce it in china then send it to canada and then it comes into the u.s like
so it's like right this is the best way to do it but this was also going to lead one of the harder ways to negotiate then down because some countries
which will not be able to get to a trade surplus with the US and um that will also mean much longer
negotiations and this will this also affects um inflation in my opinion way more than
than the other the other the other forms where it was reciprocals and like you have a 20 tariff
we're gonna put on a 20 tariff sort of deal so yeah i think i am not a fan of what this was i
think this was not done well yeah i think very very fair. Logan, I'm curious for your thoughts as well.
I think just quickly, a couple of reactions on my side.
I do think that the calculation on how they got to this
has been one of the biggest problems with it.
And now there's even people starting to uncover, like Kobe,
did they literally just run this through ChatGPT to come up with
a basic way to come up with this formula.
And I don't know if that's been necessarily proven or not.
But the logic behind these calculations and some of the countries on this list are very
easy to poke holes in, which I think has undermined some confidence.
And I'm with you.
I think the biggest thing for me is the uncertainty.
Is this just a negotiation tactic with the intent to actually bring these down
to more reasonable levels or not?
And if you're a company, how are you supposed to operate in the near term
if you don't know the answer to that?
Are you supposed to bet that these are going to come down?
Are you supposed to move forward like are going to come down? Are you supposed to
move forward? Like this is the new world order. And I feel like everyone's in this holding pattern
trying to figure this out. Like that's where my head is this morning, Logan. What was your reaction?
Yeah. You know, I don't have like, you know, too much additional to share. Not a macroeconomic
expert. And, you know, I think most people have made up their minds reading their feeds as to whether or not they see this as a positive or negative.
The one thing I'll say, aside from some of the silliness, as you alluded to here with the
potential chat GBT inclusion, the herd islands thing, you know, where they're
implementing tariffs on an uninhabited island, like, oh, man. Anyway, the one thing I will say is I'm still very much struggling,
and part of this is my own curation, so my own fault,
but I'm still very much struggling to see the positive cases.
My feed is all the negatives, and Amanda went through a bunch of them,
the potential negatives, right?
I'm just like I'm not getting enough of the argument for why
right now. And there's not enough like pro counterpoints for me to like,
get to a point where I'm feeling okay, you know, like, this can resolve itself, this can blah,
blah, blah, blah, blah. I just I feel you mentioned doom posting this morning, Tyler,
I mean, like, that's kind of how I feel just because I'm not getting any opium from,
from any sources of macroeconomic policy or whatever, like who,
who out there is championing this aside from Trump and the administration.
And where can I go to, to learn more about why I should be thinking positively.
Yeah, exactly.
Wait for his podcast.
Yeah. I got to wait for the podcast. Exactly.
So in the near term, I still have to be, you know, kind of in this, like whatever, you know,
I'm, I'm not an expert. I have no reason to think positively because nobody else is showing me
anything positive about it. And the market is not reacting positively either. So I know that's an
oversimplification, but it seems like that might be all that's necessary for this administration. Yeah, I think that's fair. I think that's also
semi-consensus. We've got...
I think just getting to the logic of it, like Vietnam, I just checked it now,
chat CBT has got a 2% to 5% tariff on some goods from the US.
So if you're in the US, do you think that that,
maybe you should have done a 2% to 5% tariff back,
right? And that's not what's happened.
That's why I think people are getting very confused with the logic here. They think, oh, we're going to go after Vietnam.
Vietnam doesn't really have
tariffs against the US.
A lot of goods do get imported to the US, but it's because
they included this in the fine print
there. Tariff
charged to the US is not just tariffs it's it's
seen as currency manipulation so what this really affects is like low-income countries that have
been you know like made in china made in vietnam made in like a lot of these countries which which
make the goods actually um i don't know if that's
what the US wanted from this
maybe they did want to onshore
a lot of those very low paid
but you don't really have the workers
to make those goods so you're just going to make those
goods more expensive for yourselves
yeah I think there's a lot
of nuance to it I don't know that the average American
bring all the goods that are created in Vietnam back on shore.
I do think there's,
but you can be pro on shore manufacturing for certain types of goods instead of all of them.
I feel like looking at this list and one thing that I have seen to take and it does kind of jump out,
it's heavy against Asia.
And is there some kind of a kind of a global supply chain shift
telegraphed in these numbers?
That is my exact
takeaway too. Because I was like,
if he comes off to the EU, kind of
fair. They do have a common import
tariff in the EU for various
different goods and it ranges from
5% to 20%, I think,
depending on the goods like any
good that comes into the eu generally has a tariff on it we do do like the eu does do that um one of
the few like big blocks to do it india does it japan does it there are some countries that abuse
tariffs for this uh and that's they're not necessarily the people that have been affected
as much by this yeah it. It looks like Latin America,
Central America is all at the 10% minimum for the most part.
So I think that is perhaps one of the takeaways here.
There's a lot to unpack.
Maybe Amanda,
let's talk about markets a bit.
So we've seen the 10 year almost come under 4% here.
It's lowest.
It's been for the entire year so far.
I think you've mentioned stocks are down.
I think S&P is down 4% right now in the day.
Dollar is down 2% as well.
Crypto majors down quite a bit as well here.
So Bitcoin down a full 4.5%.
ETH down 5%.
Solana 10%.
So basically the further out you go on the risk curve,
the worse it goes for a coin down quite a bit, I guess.
What do you make of this?
I think yesterday on the show,
you mentioned dips are meant to buy.
Have you changed that perspective a bit?
Well, I said for Bitcoin, if it goes to 80K,
you meant to buy it.
Bitcoin's held up actually remarkably well, like remarkably well, and said for Bitcoin, if it goes to 80K, you meant to buy it. Bitcoin's held up actually remarkably well.
Like remarkably well, and it continues to, because the gold is too,
and the dollar's a little bit weaker as well.
Honestly, this is the sort of thing that stocks could drop like a lot more.
Like a lot more and weirdly as well like you know we spoke about how trump could go after
go after um big tech a little bit and then you know the average person wouldn't care
like in many ways this does affect a lot of the industrial companies in the US, you know, like there's a lot of raw materials
or labor or parts which are made elsewhere
that are then finished or created
or assembled or whatever in the US.
And those businesses will get massively affected by this.
But this is going to affect a lot of companies.
Like a lot of people probably work for Nike.
You know, is Nike a company that necessarily you expected Trump to kind of go after for
something like this?
And there'll be tons of companies like this.
I haven't gone through them all,
but like there's a lot of brand customer,
customer products companies here that are going to be really badly affected,
really badly affected.
So I think the, i think this can go like
the real question is here the reason why stocks aren't down 20 is because there's an expectation
that there'll be some like negotiation between these like like already you see
descent coming out like trying to slightly downplay it and be like, oh, you know, it won't be that bad and all this sort of stuff.
I think that's the hope.
But then you also have not that sort of commentary coming,
also coming from the same administration,
because they don't want to be seen to be saying,
you know, we're going to walk all this back straight away.
And also this is kind of a cornerstone
of what they were going to say.
So I don't know.
That's where I'm at.
This is really going to affect global...
In my opinion, it's going to really hurt U.S. inflation
and it can hurt a lot of companies in the U.S. a lot.
I think that's my challenge.
And Logan, I'm curious for your additional thoughts on this too.
But I feel like I'm so conflicted right now.
I'm just laughing because I don't know.
It feels 50,
like this is negotiation tactic and they're going to lower these.
And this was just a starting point.
And then there's also the other side of me that thinks this is a part of the
core populist agenda and they're trying to change the world order.
And this is regime change and global trade change.
And we are at the very start of all of this.
And then if you,
if you set these policies and then walk them back,
so are you not like it?
What Trump has done is follow through on his promises.
I think he can,
I think his base can at least be happy in that.
He's doing what he said he was going to do.
if you set this all up and then you walk it all back,
or then are you not going after those promises?
So that makes me think they're going to keep following through with this.
So I don't know.
I still haven't made up my mind.
Logan, what else are you thinking here?
No, I mean, I'm right there alongside you, Tyler.
Like I said, I mean, I can see the case that's been made here previously by this administration.
I understand to a degree,
right? But whether or not it's a negotiation tactic, whether or not the things that were
displayed yesterday were intentional, whether or not, like some of those things, we just don't
know. And that level of uncertainty in how they're putting forth policy in their future plans and
whether or not they wish to, to hold true to them.
It just like,
I don't know how you can possibly comment on it with any level of certainty or understanding.
There's so many little things that are going to change from day to day
that we've come to expect from Trump.
I'm at a loss to be quite honest as to,
as to like what the,
the next steps will look like.
Because it feels like he's left the entire playing field open.
He still has every card he could potentially play.
But that just sort of feels like how he operates anyway.
Because if he does something really silly, he'd be like,
oh, well, it's just Trump.
He's just being really silly.
If he does something crazy, he's like, oh, well, it's Trump.
He's just being crazy.
I don't know. It kind of feels like the guy who doesn't know how to play
poker who sits down at the poker table and all cards
are in play. I don't know what to expect. I did find
one bull take on the timeline. There weren't many.
I'll share this for some of the bulls here and then maybe, Mando, if you want to give
reactions to this and then we can move on. I want to this for some of the bulls here, and then maybe, man, no, if you want to give reactions to this,
and then we can move on.
I want to do a couple other quick headlines.
Kyle from Milk Road saying the bull case are basically tariffs
are the highest they are going to be right now.
So we have countries removing tariffs, more negotiation.
He's saying inflation lower, and then inflation was high because of the scare.
I think he's also been sharing those true inflation numbers.
I think that piece is a little bit more debatable.
Fed rate cuts.
We did have the headline right before the show that traders are pricing in now 50% chance of four Fed rate cuts.
So that is potential bull case, dollar lower, China printing money, global liquidity, higher stable coin bill.
Valid bull case, reactions to this?
Weirdly, I think the case for crypto
is slightly different than the case for
a lot of other things.
This actually does weaken the case for the dollar slightly
because it attacks the concept of the US
being the center potentially of trade as much.
If they're going to slap a 50% import tax on from certain countries, then maybe they're going to sell their goods to somewhere else.
So the dollars are a week, which, which, and I,
in some ways that's meant that Bitcoin looks okay. Gold, gold looks okay.
Although gold did fall as well, even on the back of this.
But for stocks, I think this is what I just told you there is like this assumption that you can bring down tariffs.
Firstly, that has not been the reaction from the vast majority of of countries eu said it would respond
china said it would respond japan said it would respond um the only ones that have showed restraint
have been australia and the uk because i think they know that like they'll probably be able to
get their theirs down that would be kind of crazy for at least them to face some sort of a tariff.
Most of the others have indicated, you know, they're going to,
they've just said that we're going to respond.
I don't know how aggressive that's going to be.
But also the second bit of this is this isn't,
this isn't an attack on reciprocal tariffs, like forget that word.
This is, that's not what this is.
This is an attack on anyone who has a trade deficit with the u.s and that is very difficult to negotiate from for a lot of these countries like they can't just
like change the the trade deficit they can if it was if it was about tariffs then i think you can
get into a deal making and you know that can be sorted in a deal in a trade deal between two countries and be like
hey yeah you've got these tariffs reduce them
you can't do that with half these
countries right like
and it's shown most ridiculously
ridiculously
with the small countries
with like zero people like
take that to the extreme like
there's no way that that country can do
what are the penguins supposed to do?
Fucking penguins.
So, yeah, I think this is going to have a long-term impact.
I think Bitcoin can do okay here still.
I'm not bearish on Bitcoin.
What about Farcoin?
The Bitcoin dominance is going
It's Bitcoin dominance is going higher again
Highs since 2021
That thinks
Up only to me
Not great when our leading risk indicator
Global Leading risk indicator,
global leading risk indicator is down 30%. I saw that last night. That's when I started sweating a little bit more.
This was the chart I had my eyes on the most.
But could still be a handle.
Could still be painting that handle on the cup here.
So we'll certainly see. Folks, I think that handle on the cup here. So we will,
we'll certainly see folks.
I think that covered the,
the tariff store.
I'm sure we'll be talking about it more on the days and weeks to come.
A couple other web three headlines.
I see our,
our parallel guys in the studio here.
We'll get to that conversation in just a couple minutes.
I guess while we wait,
if we have the roll bit code,
I actually haven't had a chance to see that.
We'll get that out there.
We'll share that tariffs. Of course, tariffs is the code for today.
We'll be doing those spins at the end of the show. Meta mass kind of snuck in
with some big news. Logan, not sure if you saw this,
you don't need native gas tokens. So you just got an airdrop,
let's say on on BearChain.
You can just do your swap right there.
Reactions to this?
How big of a deal?
I mean, it's going to feel like not big a deal to a lot of people
because everybody hates MetaMask and thinks they're so wildly behind.
And in that case, a lot of wallets, things like Rabi,
have had things like gas accounts and other features similar to this previously.
So they're not the first to get here, but it's a big deal.
I mean, these are these are improvements that are necessary to making it easier to interact on chain.
And despite the fact that the incumbent took this long to get here, whatever, they got here at least.
So I think that matters. I still use MetaMask from time to time. It's not my default wallet,
but I don't have the general disdain for it or the brand that it seems most crypto participants
actively do. So I'm all for innovating, adding, even if it does feel later.
Because I think that much like what we've seen with OpenSea, for example,
you make these types of things, people may just start using it again just because of the habits, the habit forming that came from 2021.
So yeah, I'm all for this.
A nice positive for MetaMask.
They've been doing stuff.
They have.
I feel like they were kind of like the sleeping giant,
kind of resting on their laurels perhaps,
but now they've been shipping again.
So I like to see that, and I'll admit,
I still use MetaMask.
Yeah, this is great.
This is like one of the main issues of onboarding for people, right?
You bridge to a new chain and it's like,
oh God, like what have I got to do now?
It's great.
Great. Probably not great for
some of the L1 tokens.
We're still going down the road
of maybe you can pay your gas
down in the stables.
I guess that will
actually end up being converted
to the currency anyway.
But yeah, it's still good.
And they partnered with Revoke Cash.
They've got a Revoke Cash tie-in now
directly in the portfolio tab. So I thought that was good.
And Logan, any last quick story
here? There was a
surprise airdrop yesterday.
This edge token is doing well.
I think it's up 2x off the bottom.
I don't know a whole lot about this.
Curious if you had a chance to dig in.
Yeah, Definitive is like a, they may use a different word for it,
but more or less like a trading terminal, right?
So you can trade across different chains.
I've used it a little bit.
There's some other competing products that I'm actually blanking on the names of right now.
But if you take a look there, Tyler, like you could click that CBBTC tab and you can swap to, I'm sorry, I meant to the left.
But anyway, you know, you could trade on a different chain, for example.
Yeah, as you open that up, it lets you over to the right.
So you can toggle from base.
You're good.
Toggle from base to Solana or whatever.
It's just like it consolidates a lot of the cross-chain trading
that you may have wanted to do into one spot
in a nice little spot to do so.
Yeah, actually I was checking some of my wallets
because the eligibility criteria here
is rewarding on-chain traders, heavy on-chain traders from things like Hyperliquid, Photon, Blex, etc.
So, I mean, if you trade a lot of Solana meme coins, there may be some tokens awaiting you.
Actually, the few wallets I checked were not eligible, womp, womp.
But nevertheless, free money, tokens, airdrops, we need them right now more than ever.
Thanks for walking us through that.
So, folks, if you trade on Hyperliquid or Jupiter, go check that out if you're interested.
You may have some tokens.
Breaking news, Mando just mentioned, I believe, is out of Macron here, urging companies to pause U.S. investments.
So I don't know that that's necessarily what.
Good, good. investments. So I don't know that that's necessarily what. Good. It says, pause U.S. investments and
their response to
Wednesday's announcement of U.S. tariffs will be more massive than previous response.
Good. Good start. Good start.
Not what we wanted there, to say the least.
Yeah. If this is an art of the deal thing and all these companies are like,
you know what?
We don't really need them.
It should be,
it should make for a fun,
fun next couple of weeks,
Fun is an interesting word to choose there.
I think we went around the horn.
I'm sure that we,
there's a few other stories from the day.
Maybe we'll catch up on those tomorrow.
I want to make sure we have enough time to chat with our guests here.
So I want to welcome Kalos and Adrian here from the Parallel Wayfinder team
to the show here this morning.
Folks, I think most folks now, if you've been around,
you know the parallel game
and the longest running Web3 games we've had now.
They've been going deeper into AI with Wayfinder.
They've got a TGE coming up for prompts.
There's a whole lot to unpack.
Adrian, Kels, Jim, how are you guys doing?
Good morning. Good. Thanks for having us.
Yeah, thanks for having us.
Excited to have you guys on.
So there's a lot of directions I want to go with this conversation. We have a lot to unpack, but maybe just for our, let's just
start with some background for any listeners out there who may not understand the story,
the evolution from parallel. Maybe give us the quick history and maybe describe where the ecosystem is right now.
Yeah, sure. So we started by building a TCG and that TCG is available for download today in the Epic store if you want to play. And we kind of designed a number of kind of games
based on the assets that the TCG produced. We have one of them in Alpha today called Colony, which is an AI simulation game where
an AI agent is the player and you talk to the agent and everything in the simulation
is on chain.
And that game is in its kind of earliest Alpha stage of testing with community members and
will continue to roll out.
And then we have a third person shooter that we've been working on with our
partners at B3, which is like a gaming layer off of base.
And that game is called Sanctuary.
And that game's slated to come out in Q3.
And kind of a happy accident in all this is, you know,
in Colony,
as we built this AI agent that had access to a restricted subset of smart contracts, you know, be it mining or going to the store and buying something or whatever else.
Essentially, we created an agent that was able to interact with blockchain networks in a very limited way.
by the Stanford Google Simulacra paper,
which was kind of an AI agent game or simulation,
I should say, where agents kind of demonstrated
emergent behavior and started doing things
that were unexpected, like planning a Valentine's Day party.
We wanted to create something like that.
And so, you know, when we stepped back
from the creation of that game,
we started to realize, okay, well,
we've got this base framework for an AI agent to be able to interact with these limited smart contracts.
What happens if we make it agnostic? What happens if we make it a tool that anyone can use to simplify interacting with everything?
And, you know, I think Adrian and I maybe mulled over that enough times to eventually say like, hey, there's something really big here.
I maybe mulled over that enough times to eventually say like, Hey,
there's something really big here. And we think it's, you know,
monumentally ambitious, but very valuable if executed correctly.
So that's kind of how this all happened. And that became Wayfinder to be clear.
Yes. So I think that's a little bit of the intro for Wayfinders.
Maybe now can we dig into like what Wayfinder is and then kind of exactly where
it fits in in the eco. Sure.
So Wayfinder has, it's kind of a number of things. It has wallets
across Ethereum, Arbitrum,
Binance Smart Chain, Polygon,
and others as well as Solana.
And, you know, there's a number of agents that Wayfinder utilizes.
So one of them is a transaction agent to be able to say like,
hey, like take the, you know, ETH I have on mainnet,
bridge it to Solana and buy Dogwafat. Or, you know, reorganize my entire portfolio and optimize for yield.
Or just any type of transaction, right?
And then you have the smart contract agent where you can say,
you're maybe a member of some community.
Let's use Prime as an example just because it's close to home.
You can say, hey, I want to create a contract where,
and literally you explain it to the agent the same way I'm explaining it to you, is I want to create a contract where, and literally you explain it to the agent the same way I'm explaining it to you,
is I want to create a contract where once a week on Fridays,
a winner is selected,
use Chainlink RNG to do that.
And anyone can deposit Prime.
The minimum deposit amount is 50 Prime.
You know, put a 1% rake on any Prime deposited
and convert it to USDC.
If someone wants to withdraw before the draw on Friday, charge a 5% penalty and convert it to USDC. If someone wants to withdraw before the draw on Friday,
charge a 5% penalty and convert that to USDC.
And then on the Friday, select the winner
and they win all the Prime of the contract
and repeat the process every week.
And what it'll do is it'll write the contract,
edit the contract, deploy the contract,
and create a front end for the contract
for everyone to interact with it.
So essentially, and I think people have started to share, we call this code, kind of nicknamed this agent Vulkan.
Vulkan, some people have access to it.
Right now, thousands of people have access to Midas, which is the transaction agent,
and a limited subset as we're testing some of the smart contract agent functionality.
And then there's other stuff like the autonomous agent.
And really that's things like, you know,
if the New York Times publishes an article that says the Fed prints,
then perform this transaction, you know, by X amount of whatever token.
So things that are conditional in nature.
So like if ETH performs this way, then do this. And so that's like a very small subset of kind of what we're working on and building. And then like on top of that, there's, you know, an ecosystem of securing and educating the agent because like the way this all works is, you know, maybe actually let me step back and say like the world of blockchain and smart contracts is ever expanding. There's
always new something new popping up, a new token, a new network, a new smart contract that everyone's
excited about. And so how do you expand the graph of knowledge that AI interacts with such that
people are incentivized to educate it on these things and teach it how to interact with them
when it hasn't otherwise done so before? And how do you ensure that that input information that someone provides
that educates that AI agent is secure and collateralized?
And really, you know, so Wayfinder fundamentally is, you know,
yes, it has wallets.
It's able to transact.
It's able to build and deploy.
It's able to perform functionality independently
based on conditional environmental inputs, kind of like you have,
you know, OpenAI would have access to external sources like tools, and, you know, you'd have
Anthropic who have, you know, MCP. Essentially, they're all just tools that AI agents use to
interact with the world outside. So it's kind of this big new idea of, you know, sitting on top of everything and allowing people to do things in extremely
simple ways. And, you know,
we've always kind of had this ambition as a space of like obfuscating the
complexity.
And this does that because it puts almost like an intelligence layer between
you and everything.
And that's what people are,
I think are excited about because they're starting to see this and use it for the first time. And it is real. I've seen the excitement. I'm friends with
Andy 805 too. I've seen like the experiments that he's starting to run. And I liked that. And I
had it up on the screens. I think I don't have his original tweet, but basically he used the tool.
He used natural language programming to say like, Hey, this is what I want to do,
generate the code. and it did it.
And now he's actually working through the process of having developed the code and now debugging it, which is something...
Well, I think, yeah, I think he's actually not even debugging it.
He's saying, can anyone see any issue with it, right?
He also created a generative art collection,
and people started using Wayfinder to mint that art collection,
which he used Wayfinder to create.
So I think it's this thing that's incredibly powerful.
It's almost like limited by the creativity of the person.
Like, how good are you at prompting?
I think we've heard this like narrative of like prompting is a skill.
And we should all be kind of thinking about how we're going to position ourselves and become good at that.
I think this is exactly that case where it's like, you are limited by your own creativity here.
Yeah. What, what ideas do you have here?
The agents can connect, can literally bring them to life for you,
which is very exciting.
And I feel like we're just still scratching the surface of this.
I am curious as you were going through the development,
like what was some of the, like, what were the hardest parts?
I feel like we've seen the explosion of chat GPTT and like it was limited more on the crypto side.
It felt like the crypto data, like backend was perhaps one of the reasons why it was lagging behind.
I'm curious, like what you ran into, you know, as you've been building this over the last months and years.
I'll let Adrian speak to that. Yeah.
Yeah. Yeah. It's um i would say like
the data is actually quite good these days um there's a lot of aggregators that you can leverage
like you know flip side and transpose and things like that to be able to uh uh give agents like
solid context of what's going on on chain um the hardest piece is more the like vendors to be
totally honest it's the like tooling in the web 3 space um so like a lot of these activities that
uh we were hoping that we didn't have to like do ourselves um we ended up having to in-house a lot of them, just because it was either very unreliable
or very expensive for what it was, we thought, at least.
So, yeah, I mean, in the short term,
it was a little bit of pain,
but now we've ended up with a pretty reliable, solid product, we think.
Everyone, please battle hard in your APIs and SDKs if you want APIs and CDs.
We had to put in so many redundancies
to make sure that transactions land,
to make sure that you can see the balances
that are in your,
like the actual tokens that are in your wallets,
like things that I would have taken for granted
as a Web3 consumer.
It's tough.
Can we, give me the rundown again of the specific ai agents so there's midas and like what does minus do specifically
yeah so midas is the transaction agent right so it performs like multi-hop transactions simple
transactions bridges um you know depositing for know, into different kind of yielding, you know, protocols, whatever else.
Which is really, really basic, as a basic transaction, as well as also like extremely complicated multi-hop transactions.
And then you have Vulcan, which is, again, these are just like nicknames.
We'll probably change all these.
These are just kind of like us being losers when we were creating it, making fun names.
Codenames.
Yeah, codenames, exactly.
So Vulkan, or the smart contract agent, is able to write, edit, and kind of deploy,
as well as build a front end for smart contracts that you articulate to it.
And you can use referential information.
You can say, like, hey, let's use the supply and mechanics based on Bitcoin, and it'll do that.
And so then there's the autonomous agent.
And the autonomous agent is really about performing transactions that are conditional on events.
And these are the ones we're able to share today.
These are the ones we can talk about.
And then there is kind of like a yield optimization agent, which is like, hey,
I've got this huge portfolio of tokens. And this would kind of fall under Midas a bit,
but like I've got this massive portfolio of tokens, optimize the whole thing for yield,
and it'll swap you in and out of whatever's going to optimize you for the greatest return.
And so those are kind of like the major pieces. But there's also like general, you know,
information availability as well, right? Like, you can say like, I don't know, tell me who, so those are kind of like the major pieces uh but there's also like general you know information
availability as well right like um you can say like i don't know tell me who you know uh popcorn
Kirby is on CT or tell me who Ansem is it'll tell you a bit about them and so i think like um
Adrian am i missing anything that we've released today to date? Yeah, I think just one highlight for the Vulcan agent is that you can do smart contracts.
You can use external sources of information.
We also have some documentation preloaded.
If you say, oh, yeah, I want to use the Oracle from Chainlink for ETH USDC on base.
It'll know where to pick that up from because it has kind of a sub-agent under the hood that's going to do some research for you.
Or Moonwell or Aerodrome or PancakeSwap or I think a few other ones that we've got loaded up currently.
It also can, you can also like vibe code paths if you want to.
So the agent is like capable of not only doing smart contracts,
but also creating like new capabilities for Midas for the transaction agent.
So Adrian, I don't think they, maybe we should just roll back.
Can you explain what paths are so that everyone understands what that means?
Yeah, yeah, yeah. It's basically just like capabilities within web3 for the agent so
if you know i wanted to be in like a certain moonwell lending vault and that's not currently
available for for midas for the transaction agent i can hop over to vulcan give some of the context
if it doesn't have it already so So like add, you know, smart contracts
to the context of the agent and then create a path.
So like create kind of like a macro basically
that says like, this is the information in,
this is what it has to do.
And then this is the information out.
So that's very composable.
And then if you want to,
once you've created this macro, this function you can say like okay
it's useful for me maybe it's useful for other people so I'd like it to become public and if it
becomes public then that becomes like part of the capability for anybody to use within these other
agents so as people are creating stuff all the agents kind of benefit from it.
And the person who creates it gets some sort of reward.
So essentially as people teach Wayfinder new things,
and there's some like nuances to how that's collateralized and secured and so
it becomes smarter because it becomes capable of interacting with more
contracts.
And there's an incentive for that.
And everyone gets to upgrade automatically, right?
So essentially it's this machine that becomes better
as a result of people using it.
So I was reading through this tweet.
I didn't quite, the light bulb hadn't gone off yet,
but now it has.
I feel like this is a pretty big differentiator.
I want to get your thoughts on the broader crypto AI meta.
I don't think we saw this type of incentive mechanism.
Now all of your users are incentivized to help build out prompt capabilities.
They'll be rewarded and then the agent gets stronger.
And prompt is the collateral used to secure that information input.
But I think there's a lot of fundamental differences than what you've seen,
like major, major differences.
Yeah, let's talk about it.
I'm curious.
So you all have been working on this.
You've had the vision.
You've been building it.
Meanwhile, from November to January, we saw, I'll call some sloppy I reply bots,
see nine-fig figure valuations.
Like what did that impact you?
Like what were your thoughts and takeaways that we had this huge bubble
blow up and then deflate here while you guys were all heads down building?
I mean, it didn't impact us really. I think like we were watching.
It's not really what we're doing i think um i'd consider
those like social agents really right like they can't really do any of the stuff that even midas
can do at its most basic level um and and that's not to say there isn't a really a place for social
agents and they don't you know have some kind of meaningful future.
I just think that Midas nor Vulcan or Wayfinder as a whole is even comparable
because it's not really supposed to be something
that's like, hey, everyone can just talk to it
as a social character and it's funny and says stuff.
It's more like your personal banker, right?
It's like the same way if someone doesn't,
most people don't understand Swift codes
and how wires are sent
and you just tell your banker you want to send a wire
and that's pretty complicated as a process
in traditional banking.
This is easier.
You're just like, hey,
I just want to send money to this person.
You're like, okay, and it's done.
Or you're interested in buying some mutual fund
or whatever ETF or something at a bank. You're just like, can you put it's done. Or, you know, you're interested in buying some mutual fund or whatever, you know, ETF
or something at a bank, like, you're just like, can you put me into this ETF?
Or if you're self-directed, you can just do it yourself.
Really, this is like a way for people to interact in a kind of structured format with crypto
systems, but having support structure in place so they don't have to know what DEX is to
use, you know, where the best yield is or all these different things it's just you know we as a collective educate wayfinder and therefore wayfinder doesn't require
the consumer to know how to do any of it um it just does what it you know wants it to do
it's a powerful model i think yeah the the agents in that November to January time period, I think just did something totally different.
And I feel like for that, like, chunk of time, that's what everyone assumed agents in crypto were.
It was just like, is like, like, social conversation thought, which I think were really cool.
Like, they definitely had utility.
I think the space got a little bit like noisy to be honest and i remember going to some meetings and people were like oh cool cool cool like doing little demos and people like yeah that's great
that's great but like how do i get it to tweet at people and i'm like oh
well when you step back we kind of built social agents like a year before all this happened right because
we built colony and people were interacting with these social agents that were performatively
behaving in certain ways like sci-fi characters from our world we just didn't really think like
it was super valuable and that's maybe an oversight really but like we didn't really
think like it was just wasn't a flag we wanted to plant to be like, we're going to create characters
all over the internet with these guys.
It was more like, we did that, but for a game.
But people definitely were like,
are you going to do something?
It's happening.
We're like, but we're not building that.
We think we made the right choices.
We're really focused on building something that's of extreme usefulness.
I think the last 10, let's say there's 10 million of us or whatever,
obviously more, but in blockchain and crypto today,
I think the next 100 million people need a very different support structure
than a green and a red button.
I think a green and a red button for buy and sell is,
even as simple as you can boil that is very analogous to money. Most people are very confused by money
to begin with and stock trading systems and this type of stuff. So like it'd be very, I think we
need a new solution. And the new solution looks a lot like helping people, educating them,
making them feel comfortable, absolving them of having to understand the complexity,
allowing them to make decisions and seeing what's happening and ask questions.
And that's really what Wayfinder is designed to do.
And if you want to be really complicated, you want to run really crazy DeFi strategies,
you want to run portfolio optimizations, you want to build and deploy smart contracts
for people to interact with, you can also do those things.
But if we need to first service that next 100 million people,
and I think that will look nothing like the last number of years
of products that we've built.
And we have never seen a different product.
They're all very similar.
They're all like, you want to buy Bitcoin, green button, red button.
But it's like, that's about it.
This is nothing like that.
Yeah, if I can jump in in this has been really enlightening from my perspective and disclaimer uh prime cacher and i've been
following the wayfinder journey for quite some time now um i really love what you guys have been
sharing here it's analogous in my head just because i've written some stories about the
vibe you know you're kind of like vibe coding for crypto participation, you know what I mean? Which is really, really important. And
that's an oversimplification, of course. But I'm, I'm generally curious, like, how do you plan,
aside from gating access and stuff to get going here? How do you plan to onboard people to this
and make sure that they're aware that this is possible? Because as you've alluded to,
you have built something different than those other AI agents right um and it has just much much more to it how do you
kind of break that in their head that definition of ai agent and ai interaction and ensure that
they understand just just what can be done uh to get them to onboard and start interacting with
crypto in a different way yeah i think a lot of it comes down to like awareness, right?
And I think as we put these tools in people's hands,
we're starting to see people share what it's doing and how easy it is.
And like essentially the consumer, the user of the product or tool
is becoming the net promoter, right?
But like, they're like, this is ridiculous.
I just bridged and did something that would take me 20 minutes in like two seconds.
And so I think like the Delta is so massive and people underestimate it.
And we're still like not even at optimal speed on the application in terms of compressing the LLM to see kind of optimal processing times.
And so I think a lot of it's going to come down to two things.
One, like putting the correct messaging together to share that message and in that message, demonstrating it. Like I'd love to see someone sitting at a desk who's like
a really, like let's get Logan sitting at a desk who's, you know, super capable, I'm sure with all
the different tools and tabs he uses to be able to do something. And then get Adrian or someone,
actually someone who's never touched this stuff with Wayfinder and ask both of them to do the
same thing. And I got like 50 bucks that says, the person who's never done it will get it done
faster than Logan would do with all of his tools and taps. And so I think like highlighting that,
like a super skilled person who knows how to do this stuff, it would take you longer to do it
than a person who's never done it and is just retyping the thing that was asked of them.
So I think like demonstrating like that, almost like an Apple approach,
like Microsoft and Apple side by side, to kind of explain the difference.
And then I think also there's going to be a lot of interest around the thread
that I think Tyler was commenting on, which we're working on repackaging this
into an iOS and Android app via React Native.
So I think the ability for people to experience this for the first time,
there's a lot of curiosity around it.
I think there's a multitude of ways in which this...
And then on top of that, there's the API.
There's going to be times where you're interacting with Wayfinder
and you don't even know you are.
A great example is if you're out there and you're interacting with Wayfinder, you don't even know you are. Like a great example is if you run, if you're out there and you're watching this and you run some informational site
that has, you know, a bunch of token information or crypto information, and you want to put action
ability and share in the value derived from the transactions associated with that information,
well, when our API is ready, we'd love to work with you. And so I think, you know, proliferating that, that, that ability beyond
just our application, beyond just our desktop, you know, app, and our mobile app, I think making
it available and putting it into everything is the objective. And I think lastly, it's just like,
you know, beyond crypto is like, thinking about how you can create viral moments and allow people to do things that were otherwise very difficult.
And in that, maybe provide additional utility to all crypto.
Like, you know, still you have to go hunting down different websites if you're going to go try to book a trip with, you know, crypto.
It's like, why couldn't we just be the translation layer between like organizing your trip, finding your places to stay, paying for that, like
a multi-agent framework.
So I think there's a lot of stuff that can go completely gangbusters viral here.
I think obviously we've seen the beginning of that excitement, which in, you know, this
release to a couple thousand people, I think once we open it up, it's going to be pretty
I think that the strategy makes sense
so kind of having your users tell the story and do some of the educating and paint the picture of
what you can do as a way to onboard and get the message i think that makes a lot of sense i guess
my i had a similar question as logan but for me i see the vision that on a daily basis i'm no longer going to have to click the buttons.
I can use an agent to do this for me.
And I want to live in that world.
What's been holding me back to date is the trust issue.
So how do you
get your average user
to trust using
Midas or an AI agent
to conduct transactions for it?
So I actually,
I think that there's like an education opportunity here.
Like you still just have a wallet and a signature,
And it's simulating the transaction prior to your execution.
So you're looking at the thing you wanted.
You said like,
I want you to take my USDC from Binance,
Bridget to Solana and buy X token or whatever.
You're looking at the transaction that you dictated before you execute it.
So I think a lot of people have this idea in their head that
I gave an AI agent access to a wallet and therefore it's going to run wild
and throw my tokens all over the internet.
It's completely incorrect.
None of the way Wayfinder works is anything like that um so i i think there's obviously an education opportunity there
but i think like you know coming back to the the growth kind of conversation initial kind of
how how you how these things get traction generally um like you know i think now we're
sitting like over the last two
weeks or a week and a half that we've given this to a couple thousand people there's now 1.3 million
wallets across evm and solana um and i think looking at you know uh the example of chat gpt
is a great way to think about it is like what are those really exciting things you're like i can't
believe it's doing this and it's doing it so well, like it does for Ghibli images.
And I think, you know, those are the types of things that become net promoters and kind of explain, you know, those people become your growth levers themselves.
And they're the ones who are like, you have to try this.
And so I think our goal is to create the holy shit moments like, you have to try this moments because it's infinitely better.
And I think that kind of points back to that classical adage of like,
if you're not 10 X better,
it's not good enough.
And that's really what we're aiming for.
maybe it's just my Twitter feed,
but I see it all the time.
Like people doing very complicated transactions,
posting their simulation results
and posting the outcomes
and talking about it pretty aggressively.
So I think the community has been doing an awesome job
of showcasing its capabilities for others.
Maybe I need to curate my feed a bit more so that I see that
unless doom posting and shit posting on a daily basis.
But I do think this can be a 10 X product.
So super excited for this and what you all have been building.
And I feel like some culmination here of years of effort coming,
I guess we could talk for a full hour.
We're already seven minutes over. I guess I want to give you a chance.
What do our listeners need to know? What do you want to leave them with?
How can they engage?
Yeah. So on the wayfinder side, because we spent so much time on that,
go to app.wayfinder.ai and you can sign up and register and get your wallet set up.
So you're kind of in the initiation pool to get selected for early access.
So you can be the people who get to try it first.
On the parallel side, definitely follow at ParallelTCG on Twitter.
If you haven't, you're welcome to download the game today at the Epic Store.
I think this year's prize pool, we just held our first championships in Vegas.
I think this year's prize pool is significantly larger,
definitely in the seven-figure range.
Shout out to the Echelon Foundation for arranging that
and all of our partners and everyone who made that possible.
If you're into trying the AI simulation game,
you can follow, I think it's Parallel Colony on Twitter.
And definitely register to play that.
That's coming out in iOS and Android.
It's already in test and alpha today
and rolling out further in the coming weeks and months.
And then follow Sanctuary underscore B3
if you want to learn about our third-person shooter.
And yeah, just thanks for having us, Tyler.
And Logan, I appreciate you guys.
And Adrian, thanks for all you do as well, making everything work because it's a complicated thing to build.
Yeah, well, thank you both for coming.
This wasn't a very insightful conversation.
I also love having you on.
I would love to have you guys back on in the future as we've got new agents running around.
And perhaps we're further out on the adoption curve.
And of course we didn't even talk about that, the TGE coming up.
So good luck with that. I know that's going to be a big one.
And one of the folks have a lot of eyes on. So congrats.
We'll be rooting for you. Thanks for coming on.
I appreciate you guys. Bye-bye. Thanks for having us.
Awesome. Well folks, thanks for staying on with us.
That was a hell of an interview.
So love having the parallel Wayfinder team on, but it's your favorite time of every show. Let's do those roll bit spins. If we've got the spinner on with us again, the code is if you haven't entered last second chance, it is tariffs was the code here for today. Tariffs, of course.
code here for today. Tariffs, of course. How are markets doing? Speak up. That's not great.
Maybe don't click that refresh button. All right, let's spin it.
Son of Web 3. It is your lucky day. You won. Son of Web 3. All all right how about that that you are the winner clock is ticking go
ahead and request to come on up here and we will give you that spin son of web three All right. Looks like they have requested. That was fast.
We always love the fast requesters.
All right.
GN, if you're with us, you won.
How you feeling?
What's going on, guys?
Good morning.
All right.
Let's do the spin.
We've got a punk in the box. We've got a punk in the box.
We've got a penguin in the box and a bunch of wreck guys.
Oh, that's a nice punk too. Let's see. Let's see what we got.
Son of Web 3. Spin it, baby. Thank you.
And you won a wreck guy. It's a nice one.
It's got that nice shiny green. Kind of matches the new wreck drink.
Hopium. Hopium. God, we need all that. Tiny green kind of matches the new rec drink flavor.
God, we need all that.
So congrats, Son of Web 3.
You just won a rec at a nice price for tuning in to FOMO Hour here this morning.
So we'll coordinate with you after the show.
Appreciate it.
Of course, appreciate you as well.
Well, folks, that is it.
That is going to be our show. I want to thank our listeners as always.
I want to thank my co-hosts. I want to thank our partners. I want to
friends over at Parallel for joining the conversation
today. That was fantastic. We'll be back tomorrow
at 10 a.m. Eastern. Until then,
go make it a great day. Goodbye. Thank you. Mmm.